The Hindu Business Line : Tuesday, July 01, 2008

FARM CREDIT
SBI list of loan waiver beneficiaries completed
New Delhi, June 30 State Bank of India hopes to maintain net interest margin at three per cent this fiscal. Its Chairman, Mr O.P. Bhatt, however, noted the bank would be required to set aside at least Rs 1000 crore towards depreciation in ... More

Indian Bank waives Rs 551 cr
Madurai, June 30 Indian Bank has waived a sum of Rs 551.22 crore, benefiting 2,81,090 farmers under the Central Government’s Agriculture Debt Waiver and Debt Relief Scheme.Addressing a press meet after handing over the loan waiver ... More

Waiver certificates handed over
Oriental Bank of Commerce (OBC) Chairman and Managing Director, Mr Alok K Misra, on Monday handed over ‘certificate of waiver’ to beneficiaries of ‘debt waiver scheme’ in Greater Noida and Dadri branches of the bank. A ... More

INSIGHT
Implications for monetary policy
Bank for International Settlements report More

FOREX
Foreign investment pumped up reserves
Mumbai, June 30 Foreign investment was the biggest source of accretion to India’s foreign exchange reserves in 2007-08 at $44.8 billion, against $15.6 billion in the previous year.Under foreign investment, portfolio investments ... More

Rupee breaches 43-level
More

What’s in a name?
Chennai, June 30 The Reserve Bank of India figures on India’s total foreign currency assets are dollar-denominated. The ‘real’ value of this basket of currencies would remain unchanged whether the total were expressed in ... More

LIFE INSURANCE
ICICI Prudential’s ‘Web chat’
ICICI Prudential Life has introduced Web chat service for instant resolution of policy related queries from its customers. According to Ms Anita Pai, Executive Vice-President, ICICI Prudential Life Insurance, the customers can avail themselves of ... More

RBI & OTHER CENTRAL BANKS
Oil price impact widens current account deficit
Robust growth in invisibles cushions crude shock More

PRIVATE BANKS
YES Bank raises Rs 364 cr
More

PUBLIC SECTOR BANKS
Farm loan waiver bill for banks may be lower
Commercial banks may have to shell out Rs 30,000 cr More

PNB opens branch at Mannarkkad
Punjab National Bank opened its 129th branch at Mannarkkad today. Mr Jose Baby, Deputy Speaker of State Legislative Assembly, inaugurated the new branch. Speaking on the occasion, he lauded the efforts and role of the bank.Mr P. Ahmed Ashraf, ... More

INTEREST RATES
More banks hike lending, deposit rates
HDFC raises homes loans by 50 bps; SBI chief sees minimal impact on business growth More

GOVT BONDS
Bond prices drop 70 paise
More

SHORT TERM INSTRUMENTS
Call rates tad lower
The inter-bank call rate ended at 8.50-8.75 per cent, against the previous close of 8.60-8.70 per cent. In the two-day repo auction under the liquidity adjustment facility, the RBI received and accepted 22 bids worth Rs 22,805 crore. In the ... More